Nov. 18 (Bloomberg) -- Singapore aims to lure German mid-sized companies to expand its industrial base and make the Asian
nation a research and development hub, Handelsblatt said, citing
an interview with Leo Yip, head of Singapore Economic
Development Board.

German companies account for 1,300 of the 35,000 foreign
companies doing business in Singapore and two-thirds of those
are mid-sized firms, the newspaper said, according to the Asian
country’s board. One example is the door and lock maker Dorma
Holding GmbH, based in Ennepetal, Germany, Handelsblatt said.